3233 Payday LnColumbusOH43232
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Columbus at 3233 Payday Ln, Columbus, OH, 43232 priced at $350,000 pairs $2,846/mo rent with $544/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,846/mo, and annual cash flow comes to $6,526/yr on $116,025 invested. Return on cash invested is 25.53% in year one, and rental yield stands at 9.76% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 133.51% and total cumulative return in cash reaches $154,910. For financing, Ziffy Mortgage’s DSCR program evaluates $2,846/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 43232, Columbus, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,030 (100%) |
| Owner Occupied HU | 7,534 (37.6%) |
| Renter Occupied HU | 11,145 (55.6%) |
| Vacant Housing Units | 1,351 ( 6.7%) |
| Median Home Value | $172,928 |
| Average Home Value | $275,631 |
Housing Distribution
Address Breakdown
Residential
19,065
Single Family
17,152
Multi-Family
1,913
Businesses
943
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Listed by: Lori A Hicks • Keller Williams Greater Cols
Mls Name: Columbus and Central Ohio Regional MLS
Mls Provider:
Mls ID: #225015680
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.